Quote:
Originally Posted by Timpo
Why are Chinese investors only targeting Vancouver?
I know Vancouver is most expensive(if not, one of) place to buy real estate in North America, so I would've guessed Chinese investors would be more attracted to San Diego, Los Angeles, New York, Chicago, etc...
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The reason of targeting Vancouver and Toronto is because our politicians have no guts. Hence lower risk for foreigners to park their money.
If you ever try to reside in US, purchase property with no financing and you file taxes, wait for the IRS to audit on your income. Furthermore, US politicians are highly sensitive on voters' opinions. If a place had enough support for anything, you'd see lawmakers making proposals. Here? They simply reply they've got no data.
WTF? You are the fricking gov't... if there's a data you need and you don't have, you go and find people to get those data. The gov't is the only one who's capable of obtaining such data in the first place.